You purchased a new sports car 38 years ago at a cost of $3,100. Today, you sold that car for $67,000. What annual rate of return did you earn on this vehicle?
Annual rate = (Future value / initial value)1/n - 1
Annual rate = (67,000 / 3100)1/38 - 1
Annual rate = (21.6129)1/38 - 1
Annual rate = 1.0842 - 1
Annual rate = 0.0842 or 8.42%
You purchased a new sports car 38 years ago at a cost of $3,100. Today, you...
You purchased a house 10 years ago at a cost of $285,000. Today, you sold that house for $500,000. What annual rate of return did you earn on this house?
You purchased a house for $850000 cash 4 years ago. You can sell it today for $980000. What rate of return did you earn on this investment? Round your answer to the nearest tenth of a percent. Options: 115.3% none of the choices 15.3% 3.1%
Holding period and annual (Investment) returns. Bohenick Classic Automobiles restores and rebuilds old classic cars. The company purchased and restored a classic 1957 Thunderbird convertible 7 years ago for $8,300.00. Today at auction, the car sold for $83,000.00. What are the holding period return and the annual return on this investment? What is the holding period return of the car?
I paid $35,000 for a vintage car exactly 12 years ago. Today I sold the car for $90,000. What effective annualised interest rate did I earn? (as a percentage to the closest two decimal places; do not show the % sign. Eg 2.876% is 2.88) Answer:
1a) You purchased a share of stock for $35.40 seven years ago and just sold it today for $58.37. No dividends were paid out over the seven years but you did receive an accumulated dividend of $5.80 when you sold the stock. What is your (a) Dollar gain or loss; (b) HPR; (c) Simple annual return; and (d) Compound annual return? 1b) You bought a stock for $60.54 and sold it 5 months later for $68.95 with no dividends paid....
11 years ago you purchased GDL stock for $26.0. Today, you sold the stock for $36.3. What is your annualized rate of return on this investment? Your answer must be in decimals (0.1000 is correct, NOT 10.00%). Round your answer to 4 decimals.
Rick deposited $3,000 into an account 12 years ago for an emergency fund. Today, that account is worth $4,460. What annual rate of return did Rick earn on this account assuming no other deposits and no withdrawals?
A transit bus was purchased two years ago by the company for $200,000. Today, a similar bus can be purchased for $175,000. The newest bus will save the company $10,000 per year in operational costs compared to the bus purchased two years ago. Each bus has an estimated useful life of five years and will be used 100,000 kms. per year. If the new bus is purchased, the maintenance contract with the seller will be reduced from $20,000 per 100,000...
Assume you own a refrigerator that was purchased new seven years ago for $900, would cost $1200 today, and that it was expected to last ten years when purchased. Similar used refrigerators sell for about $300. What is its actual cash value?
(1) You want to buy a new sports car from Muscle Motors for $68,000. The contract is in the form of a 72-month annuity due at an APR of 6.75 percent. What will your monthly payment be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Monthly payments: _____ (2) You're trying to save to buy a new $202,000 Ferrari. You have $52,000 today that can be invested at your bank. The bank pays...